Coach K Cashes In
Raleigh, N.C. – A retired Duke University financial executive has surpassed Mike Krzyzewski as the highest-paid person by the school – for one year, anyway.
Bet 2010 College Basketball Odds
The Associated Press on Tuesday obtained Duke’s most recent IRS documents for the fiscal year that ended June 30, 2009.
Krzyzewski made nearly $4.2 million in 2008-09 with a base salary of nearly $2 million. The Hall of Famer annually ranks as the highest-paid employee at the school, which has a longstanding policy of not discussing contracts or compensation.
The filings indicate Duke paid Eugene McDonald a lump-sum deferred compensation payment of $5.5 million that accrued during 23 years.
McDonald retired nearly 10 years ago after creating and heading Duke Management Co., the school’s endowment investment office.
Bet 2010 College Basketball Odds
Posted: 6/8/10 11:20PM ET